AnswersIL-EconomicsFiscal Policy: Spending

Fiscal Policy: Taxes Answers

38 verified answers2 views
28948
Free Preview

What action can the government of Country DF take to encourage citizens to purchase homes?

A
maintain corporate tax rates
B
raise income taxes
C
raise property tax rates
D
lower income taxes for homeowners
28949
Free Preview

What are the most likely effects of this policy? Check all that apply.

A
Businesses will likely pay workers less.
B
Businesses will likely hire more workers.
C
Businesses will likely earn higher profits.
D
Businesses will likely invest less in the economy.
E
Businesses will likely invest more in the economy.
28950

Based on the information provided, what type of tax has Country Q implemented?

A
an income tax
B
a tariff
C
a corporate tax
D
an excise tax
28951

Based on what you have read, what type of tax is Robert paying?

A
a tariff
B
a sales tax
C
an excise tax
D
a corporate tax
28952

What action can the government of Country DF take to encourage citizens to purchase homes?

A
maintain corporate tax rates
B
raise income taxes
C
raise property tax rates
D
lower income taxes for homeowners
28953

What are the most likely effects of this policy? Check all that apply.

A
Businesses will likely pay workers less.
B
Businesses will likely hire more workers.
C
Businesses will likely earn higher profits.
D
Businesses will likely invest less in the economy.
E
Businesses will likely invest more in the economy.
28954

How can expansionary and contractionary tax policies be used to manage the economy?Be sure to give your answer in two to three sentences.

Answer:

Expansionary tax policy involves lowering taxes to increase disposable income and stimulate economic growth during a recession. Conversely, contractionary tax policy involves raising taxes to reduce overall spending and slow down inflation when the economy is overheating.

28955

higherequal lower

A
higher
B
equal
C
lower
28956

property taxesregressive taxescorporate taxes

A
property taxes
B
regressive taxes
C
corporate taxes
28957

What details did you discuss in your response? Check all that apply.

A
the difference between expansionary policy and contractionary policy
B
expansionary policies are used to stimulate the economy and reduce unemployment
C
contractionary polices are used to reduce economic growth and combat inflation
28958

What details did you discuss in your response? Check all that apply.

A
the difference between expansionary policy and contractionary policy
B
expansionary policies are used to stimulate the economy and reduce unemployment
C
contractionary polices are used to reduce economic growth and combat inflation
28959

progressive✔ regressiveproportional

Answers:
This scenario describes a tax system.:regressive
Isabel pays Tony and Juan on the computer.:the same tax as
pays the highest tax rate on the computer.:Tony
would be the most affected by an increase in the sales tax rate.:Tony
28960

more tax thanless tax than✔ the same tax as

A
more tax than
B
less tax than
C
✔ the same tax as
28961

✔ TonyJuanIsabel

A
✔ Tony
B
Juan
C
Isabel
28962

✔ TonyJuanIsabel

A
✔ Tony
B
Juan
C
Isabel
28963

According to the graph, how much did individuals making $20,000 to $50,000 a year pay in income taxes?

Answers:
Selection 1:about $80 billion
Selection 2:about $480 billion
28964

about $80 billionabout $280 billion✔ about $480 billion

A
about $80 billion
B
about $280 billion
C
✔ about $480 billion
28965

progressive taxes✔ income taxescorporate taxes

Answers:
Taxes that are paid by individuals on all money earned, including investments, are .:income taxes
Taxes that are paid by homeowners to state and local governments are .:property taxes
Taxes that businesses are required to pay on their earnings throughout the course of a year are.:corporate taxes

Did you find these answers helpful?

More from this Course

Assignment
32 verified answers

Fiscal Policy: Taxes

Assignment
16 verified answers

Fiscal Policy: Spending

Assignment
16 verified answers

5.3 Fiscal Policy: Spending